Compagnie Française d'Assurance pour le Commerce Extérieur

COFACE SA: Moody's upgrades Coface's main operating company to A1 IFSR, stable outlook

Retrieved on: 
Thursday, September 28, 2023
Heart, Insurance, Moody's Investors Service, Culture, Risk management, Compagnie Française d'Assurance pour le Commerce Extérieur, Risk, Information services, COFACE, AMF, Weather, Bank, Bonding

COFACE SA: Moody's upgrades Coface's main operating company to A1 IFSR, stable outlook

Key Points: 
  • COFACE SA: Moody's upgrades Coface's main operating company to A1 IFSR, stable outlook
    The rating agency Moody’s, on 28th September 2023, has upgraded the financial strength rating (Insurance Financial Strength Rating – IFSR) for Coface to A1 from A2.
  • The agency has also changed the outlook for Coface to stable from positive.
  • This rewards Coface teams’ work and recognizes the high level of service offered to our clients.
  • The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

Tanalyze Predicts Glass Cloth Tape Market to Grow at a 4.5% CAGR Until 2028

Retrieved on: 
Saturday, August 12, 2023
IPG, Von Roll Holding, Electronics, Tesa SE, COVID-19, 3M, Table tennis rubber, Research, Compagnie Française d'Assurance pour le Commerce Extérieur, Row, Report, Growth, Glass, Polymer, Tearing, Adhesive, Renewable energy

BEIJING, Aug. 11, 2023 /PRNewswire-PRWeb/ -- Glass cloth tape is a type of adhesive tape that is made from a woven fiberglass cloth backing and coated with an adhesive substance, such as silicone, acrylic or rubber. The fiberglass cloth used in the tape provides high tensile strength and durability to the tape, making it resistant against tearing and damage. Glass cloth tape is widely used in electrical and electronic industries for insulation purposes, as it has excellent high-temperature resistance and performs well in harsh environments. The tape is also used in aerospace, automotive and construction industries where strength, durability and heat resistance are important. It is available in different grades and thicknesses to meet different application requirements.

Key Points: 
  • Glass cloth tape is widely used in electrical and electronic industries for insulation purposes, as it has excellent high-temperature resistance and performs well in harsh environments.
  • The glass cloth tape market is anticipated to be driven by the increasing demand from various end-user industries such as electronics, automotive, aerospace, and construction.
  • The electrical and electronics industry is expected to significantly contribute to the growth of the glass cloth tape market.
  • The goal of this study is to provide an up-to-date analysis of current and future markets for glass cloth tape.

Coface confirms its very good start to the year with first-half net income of €128.8m. Annualised return on tangible equity at 14.3%

Retrieved on: 
Thursday, August 10, 2023
Insurance, Richard Roat, Policy, Compagnie Française d'Assurance pour le Commerce Extérieur, Government, Investment, FX, Depreciation, Growth, IAS, Financial services, Aquaculture, Clothing, Silviculture, Mediterranean Sea

In North America, turnover increased +7.1% at constant FX and +7.2% as reported, driven by client activities and a high retention rate.

Key Points: 
  • In North America, turnover increased +7.1% at constant FX and +7.2% as reported, driven by client activities and a high retention rate.
  • In total, net income (group share) stood at €128.8m, down -4.4% compared to H1-22, of which €67.7m in Q2-23.
  • The annualised return on average tangible equity (RoATE) was 14.3% at 30 June 2023, mainly due to the improvement in underwriting income.
  • Coface’s results for H1-2023 will be discussed with financial analysts during the conference call on 10 August 2023 at 18.00 (Paris time).

Coface records a very good start to the year with a net income of €61.2m

Retrieved on: 
Thursday, May 25, 2023
Insurance, Richard Roat, Policy, Compagnie Française d'Assurance pour le Commerce Extérieur, COVID, Government, Investment, FX, Growth, IAS, Credit, Bankruptcy, Financial services, Aquaculture, Mediterranean Sea

In North America, turnover increased +11.9% at constant FX and +15.8% as reported, driven mainly by improved retention.

Key Points: 
  • In North America, turnover increased +11.9% at constant FX and +15.8% as reported, driven mainly by improved retention.
  • This change is mainly due to positive net income of €61.2m, and positive adjustments to the fair value of investments (€24.2m).
  • Against this backdrop, the number of corporate bankruptcies continued to rise, albeit at a more moderate pace than expected.
  • Coface’s results for 3M-2023 will be discussed with financial analysts during the conference call on Thursday 25 May at 18.00 (Paris time).

AM Best Affirms Credit Ratings of Coface SA’s Main Operating Subsidiaries

Retrieved on: 
Friday, May 19, 2023
Banking, Professional Services, Insurance, Finance, Data management, AM Best, ALL, Risk management, Credit, EUR, AM, La Compagnie, News, Geography, Compagnie Française d'Assurance pour le Commerce Extérieur

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Compagnie française d’assurance pour le commerce extérieur (la Compagnie) (France), Coface North America Insurance Company (CNAIC) (USA) and Coface Re SA (Coface Re) (Switzerland), which are subsidiaries of Coface SA (Coface), the non-operating holding company of the Coface group.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Compagnie française d’assurance pour le commerce extérieur (la Compagnie) (France), Coface North America Insurance Company (CNAIC) (USA) and Coface Re SA (Coface Re) (Switzerland), which are subsidiaries of Coface SA (Coface), the non-operating holding company of the Coface group.
  • The ratings of la Compagnie and CNAIC consider their strategic importance to the Coface group as key operating entities.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Radome Global Market Report 2023: Growing Demand for Small Aircraft Boosts Sector

Retrieved on: 
Thursday, April 13, 2023
Telecommunications, Meggitt, CPI, CPI International, Astronics Corporation, Communication, COVID-19, Northrop Grumman, NAICS, Research, Compagnie Française d'Assurance pour le Commerce Extérieur, COVID, Abbreviation, Air travel, Investment, Developed country, COVID 19, Growth, Pet industry, Semiconductor, Video game, Retail

The radome body market was the largest segment of the radome market by offering type, accounting for $1,040.62 million or 64.37% of the total market in 2022.

Key Points: 
  • The radome body market was the largest segment of the radome market by offering type, accounting for $1,040.62 million or 64.37% of the total market in 2022.
  • The radome market is segmented by application into airborne radome, ground-based radome and shipboard radome.
  • North America was the largest region in the radome market, accounting for 37.25% of the global market in 2022.
  • The top opportunities in the radome market by application will arise in the ground-based radome market, which will gain $500.74 million of global annual sales by 2027.

Robex Resources Inc. Announces Management Changes

Retrieved on: 
Wednesday, April 12, 2023
Sogeti, ISG, Business development, Camborne School of Mines, HEC, Senior, Telecommunications, Business, Mining engineering, The Cohen Group, Electricity, Light, Compagnie Française d'Assurance pour le Commerce Extérieur, Directorate-General for Economic and Financial Affairs, Gold, ODDO BHF, Acquisition, Investment, Master of Science, Growth, Altergaz, IXM, Bachelor of Physical Education, Management, Finance, Physics

QUÉBEC CITY, April 12, 2023 (GLOBE NEWSWIRE) -- Robex Resources Inc. (TSXV: RBX) (“Robex” or the “Company”) announces management changes. Effective April 11, 2023:

Key Points: 
  • QUÉBEC CITY, April 12, 2023 (GLOBE NEWSWIRE) -- Robex Resources Inc. (TSXV: RBX) (“Robex” or the “Company”) announces management changes.
  • He will have ultimate accountability, through the Board of Directors, for the successful management of Robex, and for execution of policies, plans, and strategies agreed upon by the Board of Directors.
  • He also assists Robex in financial affairs and in particular contributes essential successes in the gold sales strategy.
  • He is a graduate of the Institute of superior management (ISG) in Paris and worked for two years for Danone International as a management controller.

Coface SA: FY-2022 results: record net income at €283.1m and 80% pay-out ratio

Retrieved on: 
Thursday, February 16, 2023
Insurance, Government, FX, Compagnie Française d'Assurance pour le Commerce Extérieur, Investment, IAS, Richard Roat, CO2, Pressure, Annual, Policy, Growth, Depreciation, Financial services, Pharmaceutical industry, Reinsurance, Cryptocurrency, Holding company, Life insurance

The combined ratio, net of reinsurance, stood at 64.9% for the year, +0.3 ppt compared with 2021 (and up 10.4 ppts excluding 2021 government schemes impact).

Key Points: 
  • The combined ratio, net of reinsurance, stood at 64.9% for the year, +0.3 ppt compared with 2021 (and up 10.4 ppts excluding 2021 government schemes impact).
  • The combined ratio, net of reinsurance, for Q4-22 stood at 68.2%, down by 14.8 ppts year-on-year, but up 8.6 ppts vs. Q3-22.
  • Operating income for 2022 was €413.5m, up +32.2%, mainly due to revenue growth and a still low loss ratio.
  • In total, net income (group share) stood at €283.1m, up +26.5% compared to 2021, of which €54.7m in Q4-22.

Global Refractory Materials Market to Grow by $6.55 Billion During 2023-2027 - ResearchAndMarkets.com

Retrieved on: 
Thursday, January 26, 2023
Other Manufacturing, Manufacturing, Corning Inc., POSCO, RHI Magnesita, Compagnie Française d'Assurance pour le Commerce Extérieur, Carborundum Universal, SE, Research, Vesuvius plc, ENG, Refractory, Retail

This study identifies the shift of refractories type from shaped to monolithic as one of the prime reasons driving the refractory materials market growth during the next few years.

Key Points: 
  • This study identifies the shift of refractories type from shaped to monolithic as one of the prime reasons driving the refractory materials market growth during the next few years.
  • Also, surging demand for refractories materials from oil and gas industry and the introduction of innovative products and eco-refractories will lead to sizable demand in the market.
  • Also, the refractory materials market analysis report includes information on upcoming trends and challenges that will influence market growth.
  • The publisher's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

TRADITION DATA LAUNCHES JAPANESE GOVERNMENT BOND MARKET DATA PRODUCT

Retrieved on: 
Wednesday, February 1, 2023
IDB, Bank of Japan, JGB, Compagnie Française d'Assurance pour le Commerce Extérieur, Government, Risk, Intelligence, Bioinformatics, Policy, Dislocation, Inter-dealer broker, Bank, Security (finance), Renewable energy

LONDON, Feb. 1, 2023 /PRNewswire/ -- TraditionDATA, the market leading data and intelligence division of Compagnie Financière Tradition ("Tradition"), has launched a new Japanese Government Bond ("JGB") data product.  This will provide precise, intra-day, indicative market data and access to all issues across the JGB yield curve, offering a more accurate, timely, and credible alternative to the majority of aggregate-based data packages currently available.

Key Points: 
  • LONDON, Feb. 1, 2023 /PRNewswire/ -- TraditionDATA, the market leading data and intelligence division of Compagnie Financière Tradition ("Tradition"), has launched a new Japanese Government Bond ("JGB") data product.
  • This new product, based on data taken directly from UEDA Tradition's trading desk and analytics team in Tokyo, will provide the much-needed data for global fixed income investors and managers seeking insight into the world's second largest government bond market.
  • With nearly four decades of operating a leading bond market desk in Tokyo, TraditionDATA noted the strong customer demand for accurate, IDB-sourced independent data in an otherwise opaque market.
  • Some further volatility and dislocations are expected in the Japanese bond market, which has been marked by ongoing instability.